Technology could help unlock more barrels from shale plays, as it has in the past, but comfort levels pose challenges amid tough market conditions.
Redburn, the equity research house, has removed all “buy” ratings from the biggest integrated oil companies, arguing that the industry faces an “existential risk” as long-term forecasts for oil demand are up to 30% too high.
Rice Investment Group, formed by Daniel, Toby and Derek Rice, made its initial investment in the fracking software company Cold Bore in October 2018.
General Electric Co. (GE) on Sept. 11 said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.
Westbourne Capital will exclusively provide an up to $1.025 billion mezzanine loan in support of Freeport LNG’s proposed fourth natural gas liquefaction train expansion efforts.
Predicting well economics can be a matter of opinion when it comes to the method of estimating production. This engineer believes greater transparency would benefit users of type curves.
Climate group 350.org cites the Paris accord as a major driver in discouraging investment.
Milan-based gas pipeline operator is working with JPMorgan to move into the US market.
United Arab Emirates minister of state and ADNOC Group CEO Sultan Ahmed Al Jaber also said that the state oil company was on track to raise its oil production capacity to 4 million barrels per day (MMbbl/d) by 2020 and 5 MMbbl/d by 2030.